JPMorgan hedge fund said to seek new artificial intelligence edge

Hedge Fund

JPMorgan’s hedge fund business Highbridge Capital Management is working with a technology firm to develop investing strategies using artificial intelligence.

Bloomberg News reports that Highbridge, which oversees $24bn, and Sentient Technologies have had talks 'regarding the application of our tech to finance and trading',said Antoine Blondeau, Sentient’s chief executive officer, declining to comment further on the arrangement.

The companies are collaborating to design data-analysis software that can spot patterns in financial markets, according to a person familiar with the matter, who asked not to be identified because it’s private.

Money managers including Ray Dalio’s Bridgewater Associates and Steven A. Cohen’s Point72 Asset Management are increasingly trying to profit from machine-learning algorithms. 

To access the complete Bloomberg News article hit the link below:

This Hedge Fund Is Seeking an Artificial Intelligence Edge

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